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Suppose that the MPC is equal to 0.75. What was the size of the change in government purchases of goods and services that resulted in the increase of GDP of $200 million? Provide the formula and show your work.
"When in Rome, do as the Romans do". Would this be a suitable guideline for MNC's (multinational corporations) doing business in developing countries with respect to ethical practices and social responsibility? Discuss.
Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.
The demand function for a product using resource X is given by Q = 180-2P and the cost of production is constant at MC = 20 Write the inverse demand function for this product.
Let’s suppose the situation where the newly formed government act to cut government spending and, by doing so, eliminate the current federal government budget deficit. What happens to private investment as a result of this change in policy? What effe..
Recently, the Obama administration proposed a $1.00 per unit (pack) excise tax on cigarettes (which would be imposed legally or statutorily on cigarettes sellers). Using (separate) competitive supply and demand diagrams of the cigarettes market caref..
At a management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns." Is this statement correct? If so, why? If not, explain why not.
In a presentation about Serbia’s future entry into the European Union, the speaker indicates that the effects of trade creation will be equal to about 2% of Serbia’s gross domestic product and the overall effects of trade diversion will be equal to a..
For every co?ee (C) that Chandler drinks, he needs 2 cups of sugar (S). He won’t drink a co?ee if he has less than 2 cups of sugar and he won’t care about having more sugar if he doesn’t have more co?ee. Find an utility function that represents these..
Suppose that the demand curve faced by a particular firm is given by q = 300 – 5P. Could this be a perfectly competitive firm? If it is optimal for the firm to produce a positive amount of output in the short run, how much should it produce?
the shortcomings of NAFTA for the last 20 years including what each country has lost as a result of NAFTA.
How does this export subsidy affect the domestic price of steel, the quantity of steel produced, the quantity of stell consumed, and the quantity of steel exported. how does it affect consumer surplus, producer suprlus.
Why do the soft technologies open more opportunities for women? To what extent have these technologies impacted the perceptions of men’s and women’s roles in the economy, within marriage, and in society as a whole?
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